Cost of Living in Garfield, AR
Housing
The housing market plays a significant role in determining the cost of living in Garfield, AR.
- Housing Index: 86.4 / 100
- Median Home Price is: $237,500
- Average Rent (2 BR Apartment): $1228 per month
- Average Rent (2 BR House): $1335 per month
If you’re contemplating a move to Garfield, AR, the housing market offers an affordable situation, particularly with a housing index of 86.4. The median home price stands at 237500, making homeownership relatively accessible. Renting is also an option, with an average of 1228 for a 2-bedroom apartment, and 1335 for a 2-bedroom house, both competitive rates. Consider the low median home price; it could be an excellent time to invest, capitalizing on potential future appreciation in value as the area develops further.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Garfield, AR.
- Electricity Price: $12.36 USD (median by state)
- Natural Gas Price: $17.08 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $208 per month
Living in Garfield, AR could entail higher utility costs. Electricity costs sit at $12.36, while natural gas is priced at $17.08 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $208 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Garfield is a financially viable option for your relocation.